corporate
Nike cuts sustainability staff despite carbon goals
Nike has laid off nearly one-third of its sustainability workforce, casting doubt on its commitment to reducing its environmental impact.
Rob Davis reports for ProPublica and Matthew Kish for The Oregonian.
In short:
- Since December, Nike has reduced its sustainability team by 30%, affecting staff focused on environmental initiatives.
- The cuts come as Nike struggles to meet its carbon reduction targets, with emissions having slightly increased since 2015.
- The layoffs were part of a broader $2 billion cost-cutting plan due to flatlining sales.
Key quote:
"Given Nike’s leadership and investment, their retreat is unfortunate, especially in light of the scale and urgency of the challenge."
— Ken Pucker, professor of practice at Tufts University
Why this matters:
Reducing sustainability efforts threatens Nike's environmental goals and undermines public trust in the company's commitment to addressing climate change. This shift could impact global efforts to meet climate targets.
Keep reading...Show less
Corporate landscaping opts for native plants over manicured lawns
More companies are eschewing manicured grass in favor of native plants, a shift driven by the environmental costs of installing and maintaining lawns.
Newsletter
Companies will soon have to prove that they really are taking climate action, under draft EU law
A draft legal proposal by the European Commission aims to clamp down on companies falsely promoting their products as "climate neutral" or "containing recycled materials".
www.wsj.com
Biden announces restrictions on methane emissions at COP27
The president touted U.S. plans to cut methane emissions and boost climate funding to developing countries in an address that sought to reclaim the mantle of global leadership on efforts to limit climate change.
www.wsj.com
Carbon-credit surplus could soon turn to shortage
Soon there might not be enough carbon credits to go around as hundreds of companies act to offset emissions they can’t eliminate on their own.
www.wsj.com
How a CEO Rescued a Big Bet on Big Oil; ‘There Were a Lot of Doubters’ - WSJ
Occidental Petroleum’s Vicki Hollub fended off a shareholder revolt led by Carl Icahn. Lifted by rising crude prices, she now has the confidence of Warren Buffett.
Newsletter
Brands like Unilever, Allbirds, Logitech and Panera are adding carbon labels to products, betting transparency will attract consumers
Carbon labels are cropping up on a variety of consumer goods, making visible the carbon footprints of products and services that people use every day.
ORIGINAL REPORTING
MOST POPULAR
CLIMATE
